Savills | Midsummer Terrace, Adam Court, Newark Road, Peterborough, PE1 5PP | Property for sale
13,235 sq ft(1,229.57 sq m)
Price on application

Midsummer Terrace, Adam CourtNewark Road, Peterborough, PE1 5PP

  • Under offer
  • Freehold

Key features

  • Terrace of office buildings for sale
  • Planning consent for 35 studios and two 1 bed flats
  • Parking for 37 vehicles
  • EPC Rating: C
  • 1.6 miles from new ARC Campus opening in September 2022

Terrace of office buildings for sale

About this property

  • Description
    The Terrace comprises 3 separate office buildings of brick construction and pitched tiled roofs constructed in the 1990's. The buildings are of varying sizes and are mostly open plan with a central core housing the WC's and stairwells. Externally there is approximately 37 car parking spaces and bin stores.

    Viewings
    Strictly by appointment with Savills, the sole agents.

    Terms
    The property is available for sale freehold. Guide price upon application. The sale will be subject to VAT.

    Rateable Values
    Interested parties should make their own enquiries of the Valuation Office Agency website and Peterborough City Council.

    Planning
    Planning permission dated 17 May 2021 to convert the terrace to 35 studio (bed-sitting rooms) and 2 one bedroom flats. Ref: 21/00426/PRIOR. Separate information pack is available upon request.

    Terms
    The properties are held on 999 year leases. Offers are sought in excess of £1,300,000.

    Legal Costs
    Each party to be responsible for their own legal costs.

Local information

  • The Terrace is located on Newark Road approximately 1.5 miles from the City Centre, close to the junction of Newark Road and Vicarage Farm Road with excellent access to Frank Perkins Parkway (A1139) which links to the A1 (M) and the A47. The nearby residential area of Parnwell includes a Sainsburys Supermarket and GP Surgery.
  • The Terrace is approximately 1.6 miles from the new ARU Peterborough campus which is scheduled to open in September 2022.

Available space

Floor / UnitTypeSizeStatus
Unit (1-2)-3452 sq ftAvailable
Unit (Midsummer House)-6402 sq ftAvailable
Unit (Franchise House)-3452 sq ftAvailable